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In the real time operation of a Regional Transmission Organization (RTO), the generation resource commitment plans are constantly revised for the look-ahead time horizon due to changes in system operating conditions. Optimization based resource commitment algorithms can most effectively help to minimize the costs of committing new resources. However, most optimization algorithms lack transparency...
The purpose of this paper is to analyze various approaches to incorporate short-term stored energy resources into the Midwest ISO co-optimized energy and ancillary service market. Based on the analysis, the best approach is to utilize short-term stored energy resources for regulating reserve with the real-time energy dispatch to be set in such a way that the maximum regulating reserve can be cleared...
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